What is a Townhouse Pros and Cons of Living in One

A townhouse, sometimes referred to as a terraced house, is typically divided into several units, occupying one or more stories. Unlike a single-family home, townhouses are usually owned by several people and share walls, making them perfect for people who want the convenience of living in a smaller community.

Compared to a single-family home, a townhouse is usually cheaper to purchase and maintain. Most townhouses have small yards that are not suitable for farming or large gardening projects, though they can still be used for lawn equipment or children’s outdoor games.

Additionally, townhouses are great for people who want the security of living in a neighborhood where everyone knows each other and all homes are closely related. While townhouses typically do not have large backyards or lots of private space, they can often be combined with shared open spaces in front and behind each unit to mimic the feel and privacy of a single-family home.

It is important to remember that a townhouse’s shared features depend on the neighborhood, and not all townhouses have the same features or benefits. Therefore, it is highly recommended that you thoroughly research any potential townhouse before making your purchase to know exactly what you are getting into. Let’s explore the pros and cons of owning a townhouse.

Pros of Living in a Townhouse

Affordability

The average cost for a 1,500 sq. ft. traditional fully built Townhouse is $166,500. If you opt for a luxury townhouse, the cost goes up to $312,500. The lowest price of a townhouse is $77,250. This flexibility makes townhouses very attractive to first-time home buyers and young families.

Amenities

Many townhouses have their amenities, which means you don’t have to pay a monthly fee for a pool or a gym. When you live in a townhouse complex, there will likely be outdoor space for your use. Larger complexes may even have specific areas for barbecuing and landscaped gardens.

Less Maintenance

Due to its small size, a townhouse typically requires less maintenance than a larger single-family home. The HOA (Home Owner’s Association) should handle upkeep for shared spaces like landscaping and pools, which can take a lot of the burden off the individual owner.

A Sense of Community

Townhouses are typically owned by many people, which creates a sense of community. Neighbors are usually close by, and there is often an overall feeling that the neighborhood is looking out for each other. It makes perfect sense for kids to be close to their neighbors, which creates an excellent environment for play.

Also See: Finding a good Neighborhood

Efficient Reselling

Townhouses are easy to resell as they require less work than a larger single-family home to get ready for the market. If you need to sell as quickly as possible, a townhouse is an ideal choice because it typically sells faster and for more money.

Cons of Living in a Townhouse

Shared Walls & Noise

Townhouses often share walls, so any noise from your neighbor will be heard throughout the entire building. Because you are never entirely alone when you live in a townhouse, it can be not easy to keep certain habits to yourself, like watching TV or listening to music.

Strict Rules of HOA

Most townhouses are controlled by an HOA, which typically sets strict rules that must be abided by. For example, some HOAs have rules about when you can water your lawn, while others may encourage recycling and composting to conserve resources.

Less Storage

Townhouses usually have less storage space than single-family homes. This can be an issue for families who own lots of large appliances and garden equipment, but there are usually common storage spaces available in the complex to use.

You can read our Article on Types of Self Storage Units.

Multiple Storeys

Because townhouses are generally built on smaller plots of land, they are usually erected vertically. If you live on a higher floor, this means you will have to use the stairs multiple times every day to go up and down.

Limited Privacy

Because townhouses are usually attached to others, they don’t provide as much privacy as a single-family home. If you live on the bottom level of one side of a building, your backyard is likely shared with everyone above you. You also have neighbors looking into your windows because there aren’t any trees or fences to block their view.

Conclusion

In conclusion, there are many ups and downs to living in a townhouse instead of a house. Townhouses can be highly efficient for those looking for affordability and convenience. However, because multiple people live in one building, it is hard to maintain your privacy and independence. Ultimately, if you want a detached house with a private yard and lots of space, a townhouse may not be the best choice. In terms of cost-effectiveness, convenience, and neighborhood living, though, a townhouse can be just what you’re looking for!

Frequently Asked Questions

Is Townhouse Fee-Simple?

Simply put, fee simple is a legal phrase that refers to owners who have total control of the property. Owners of townhouses do not have complete ownership since they have acquired the property rather than the land on which it is built.

Do Townhomes go up in value?

Due to restrictions such as HOAs and shared walls, townhouses tend to appreciate less than a comparable single-family home. If you have a townhouse with views or features that stand out from the others, however, it may be able to fetch a higher price when sold.

Are Townhomes soundproof?

Townhouses are not soundproof because they have shared walls and floors. If you want absolute soundproofing, your best option is to purchase an apartment rather than a townhouse.

Are Townhouses good first homes?

Townhouses are ideal for first homes because they provide affordable housing in close proximity to neighbors. You can also take advantage of the shared lawns and swimming pools that many townhouses have available for use.

Are Townhouses safer?

Townhouses are generally secure because they have more residents on-site than single-family homes. They also often have gated entrances and security cameras, which help keep the property safe.

Is Townhouse a Condo?

A townhouse is not a condominium because it is a freestanding property rather than a living space unit. Townhouses are also more likely to have front and back yards, while most condos do not. You also read our article on Condominium vs Townhouse.

Who typically buys Townhouse?

People looking for affordability, proximity to other residents, and ease of maintenance tend to buy townhouses. They are usually affordable enough that families are willing to live there.

Can you renovate a Townhouse interior?

You can renovate the interior of most townhouses as long as you follow your HOA guidelines. Check with your local laws and regulations before starting any renovations on a townhouse, whether using paint or making structural changes such as adding a room.

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Rostislav Shetman is the founder of 9Kilo Moving. He has been in the moving and relocation industry for more than 25 years, making him an expert in his field. Rostislav started as a helper, dispatcher and driver and has worked his way up to owning his own company. He takes great pride in his work and enjoys helping people relocate across the United States of America. When he's not working, Rostislav enjoys spending time with his family and friends. They are the light of his life and bring him happiness every day.